Northland Securities Predicts Sono-Tek FY2028 Earnings

Sono-Tek Corporation (NASDAQ:SOTK) – Analysts at Northland Securities lifted their FY2028 earnings estimates for shares of Sono-Tek in a report released on Wednesday, September 30th. Northland Securities analyst T. Jackson now forecasts that the industrial products company will post earnings per share of $0.14 for the year, up from their prior forecast of $0.07. The consensus estimate for Sono-Tek’s current full-year earnings is $0.10 per share. Northland Securities also issued estimates for Sono-Tek’s FY2029 earnings at $0.17 EPS, FY2030 earnings at $0.18 EPS and FY2031 earnings at $0.19 EPS.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $5.66 million during the quarter, compared to the consensus estimate of $5.60 million. Sono-Tek had a return on equity of 10.55% and a net margin of 9.62%.During the same period in the prior year, the firm posted $0.03 EPS.

Other equities research analysts have also issued reports about the company. Wall Street Zen upgraded Sono-Tek to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings lowered Sono-Tek from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Sono-Tek has a consensus rating of “Hold” and an average price target of $8.50.

Sono-Tek Trading Up 9.8%

Shares of Sono-Tek stock opened at $6.81 on Monday. Sono-Tek has a twelve month low of $3.40 and a twelve month high of $7.01. The stock has a market capitalization of $107.05 million, a P/E ratio of 52.39 and a beta of 0.07. The business’s fifty day moving average price is $5.11 and its 200 day moving average price is $4.96.

Institutional Trading of Sono-Tek

A number of institutional investors have recently added to or reduced their stakes in SOTK. Renaissance Technologies LLC increased its holdings in Sono-Tek by 41.6% in the 1st quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock valued at $362,000 after purchasing an additional 26,161 shares in the last quarter. Bard Associates Inc. acquired a new position in shares of Sono-Tek during the second quarter worth about $349,000. BlackRock Inc. acquired a new position in shares of Sono-Tek during the second quarter worth about $179,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Sono-Tek in the second quarter worth about $73,000. 47.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sono-Tek

In other news, CFO Stephen Bagley sold 8,346 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.13, for a total value of $42,814.98. Following the transaction, the chief financial officer owned 21,254 shares of the company’s stock, valued at approximately $109,033.02. This trade represents a 28.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 13,000 shares of company stock valued at $67,666. Company insiders own 5.57% of the company’s stock.

Sono-Tek Company Profile

Sono-Tek Corporation develops and manufactures ultrasonic coating and precision liquid-deposition systems. Its technology uses high-frequency sound waves to atomize liquids into a controlled spray, enabling uniform application of coatings, adhesives, lubricants, and other materials while minimizing overspray and material waste.

The company’s products include ultrasonic spray nozzles, integrated coating systems, and customized solutions designed for automated manufacturing processes. Sono-Tek also provides application development, process optimization, installation, training, and technical support to help customers integrate its equipment into production lines.

Sono-Tek’s systems are used across a range of industries, including medical devices, electronics, semiconductor and advanced technology manufacturing, alternative energy, glass, textiles, and other industrial applications.